ECB's Wunsch Wants to Assess Full Impact of Bank Crisis

The transcript covers a discussion on the European Central Bank's (ECB) approach to balancing financial and price stability, with insights from a speech by Madame Lagarde. It addresses the exposure of European banks to Credit Suisse and the perceived low contagion risk. The conversation also explores the implications of interest rate hikes, market volatility, and inflation trends. The potential for a wage-price spiral and the need for policy coordination among central banks are examined. Finally, the discussion touches on future economic projections and the importance of consensus in ECB decision-making.

What are the implications of the recent market volatility according to the speaker?

What does the speaker mean by 'tit for tat' inflation, and how does it affect the economy?

What is the speaker's perspective on the coordination of monetary policy among central banks?

What does the speaker imply about the future direction of interest rates?